Try GOLD - Free
Apple leases 8,000-sq ft unit in Bengaluru for third India store
Financial Express Chennai
|May 30, 2025
TECH MAJOR APPLE has leased 8,000 square feet of retail space at Bengaluru's Phoenix Mall of Asia for its third outlet in the country, industry sources have told FE.
It will pay an annual rent of about ₹2.09 crore—₹17.4 lakh per month—with a revenue share of about 2% for the first three years of operation, sources said. The revenue share is likely to increase to about 2.5-3% of its top line thereafter. The lease agreement is for about 10-11 years, sources said.
This story is from the May 30, 2025 edition of Financial Express Chennai.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Financial Express Chennai
Financial Express Chennai
Mahindra giving hot chase to JSW MG for 2nd spot in EV race
SIMILARLY, MAHINDRA HAS been attracting midsize SUV customers with the BE 6, and luxury and family customers with the XEV 9e and 9S.
1 min
May 10, 2026
Financial Express Chennai
The new AI companion
OpenAI's launch of pets in its Codex tool just brings more life and character to software
3 mins
May 10, 2026
Financial Express Chennai
The blue blueprint
A mature, actionable grammar for a water-secure, climate-resilient and developed India
3 mins
May 10, 2026
Financial Express Chennai
A cheapskate in Dublin
Explore the energetic Irish capital without spending a fortune
4 mins
May 10, 2026
Financial Express Chennai
Bengal's new era has begun, says Adhikari
Anew dawn of growth
1 min
May 10, 2026
Financial Express Chennai
M&M giving hot chase to JSW MG in electric car race
Has edge with new models, as Tata firmly no. 1
1 mins
May 10, 2026
Financial Express Chennai
Political governors are dangerous
ATTHE OUTSET let me make clear that I have long believed that the post of Governorshould be abolished.
3 mins
May 10, 2026
Financial Express Chennai
Churn and change in three states
Most candidates were unknown names and faces, and few campaigned. Instead, TVK chief Vijay dominated the campaign through brief speeches, video memes, and film songs
3 mins
May 10, 2026
Financial Express Chennai
Gen Alpha's boon & bane — the smartphone
As many as 74% Indian kids aged 9-16 have a smartphone
3 mins
May 10, 2026
Financial Express Chennai
Indian tourism waking up to its floral power
Meghalaya cherry blossoms, J&K tulips inspire similar spots
1 min
May 10, 2026
Listen
Translate
Change font size